Shift4 Payments (NYSE:FOUR) Stock Price Expected to Rise, Oppenheimer Analyst Says

Shift4 Payments (NYSE:FOUR - Free Report) had its price objective lifted by Oppenheimer from $120.00 to $121.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on FOUR. Benchmark cut shares of Shift4 Payments from a "buy" rating to a "hold" rating in a research report on Thursday, December 5th. William Blair assumed coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They set an "outperform" rating for the company. Barclays initiated coverage on shares of Shift4 Payments in a research note on Wednesday, October 9th. They issued an "overweight" rating and a $120.00 price objective on the stock. Keefe, Bruyette & Woods cut Shift4 Payments from an "outperform" rating to a "market perform" rating and set a $112.00 target price for the company. in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $105.52.

Shift4 Payments Price Performance

Shares of NYSE:FOUR traded up $2.13 during trading on Thursday, reaching $101.26. 1,481,047 shares of the company traded hands, compared to its average volume of 1,484,361. The firm has a market capitalization of $9.12 billion, a PE ratio of 55.03, a PEG ratio of 1.30 and a beta of 1.70. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $116.84. The company has a quick ratio of 2.97, a current ratio of 2.98 and a debt-to-equity ratio of 2.71. The company's 50 day moving average is $99.98 and its two-hundred day moving average is $84.37.

Insider Activity

In related news, insider James J. Whalen sold 1,462 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.07, for a total value of $147,764.34. Following the transaction, the insider now directly owns 37,089 shares in the company, valued at $3,748,585.23. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jordan Frankel sold 5,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $99.01, for a total transaction of $495,050.00. Following the sale, the insider now owns 222,112 shares of the company's stock, valued at $21,991,309.12. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,462 shares of company stock worth $1,211,364. Company insiders own 30.57% of the company's stock.

Institutional Investors Weigh In On Shift4 Payments

Institutional investors and hedge funds have recently made changes to their positions in the business. Senator Investment Group LP grew its holdings in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company's stock worth $41,240,000 after buying an additional 555,737 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Shift4 Payments by 26.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,580 shares of the company's stock worth $3,330,000 after acquiring an additional 7,905 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Shift4 Payments by 41.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 492,849 shares of the company's stock worth $43,666,000 after acquiring an additional 145,444 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Shift4 Payments by 113.0% in the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company's stock valued at $40,532,000 after purchasing an additional 242,684 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Shift4 Payments by 9.3% during the third quarter. Jennison Associates LLC now owns 2,834,061 shares of the company's stock valued at $251,098,000 after purchasing an additional 242,179 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.